Level Archive

  • Trade Idea: USD/CHF – Buy at market level

    Trade Idea: USD/CHF – Buy at market level

    Although the intra-day brief drop to 1.0582 stopped out our long position, as the greenback found decent demand at 1.0582 and has rebounded, suggesting as long as this level holds, consolidation with upside bias remains for another test of 1.0676 (yesterday’s high), above there would...

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  • AUDUSD: Bullish Momentum Set For The 0.8858 Level

    AUDUSD: Bullish Momentum Set For The 0.8858 Level

    AUDUSD: With a third day of upside momentum triggered off the 0.8315 level threatening further upside gains after climbing back above the 0.8500/65 zone on Wednesday, risks are now developing for a retarget of the 0.8858 level, its Jun 21′10 high. A decisive break and...

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  • USDJPY: Threatening To Recapture The 86.96 Level

    USDJPY: Threatening To Recapture The 86.96 Level

    With a marginally higher close after turning off its intra day high at 87.79 seen on Tuesday, USDJPY was seen weakening and threatening the 86.96 level, its July 01′10 low in today’s trading session. On a violation of the 86.96 level, further weakness should...

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  • EURUSD: Strengthing With Eyes On The 1.2671 Level

    EURUSD: Strengthing With Eyes On The 1.2671 Level

    With a firm hold above the 1.2466 level, its Jun 21′10 high, the stage is now set for a run at its major resistance residing at the 1.2671 level, its May 21′10 high. This is coming on the heels of its nearer term uptrend resumption....

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  • EURUSD: Strength To Aim At The 1.2671 Level

    EURUSD: Strength To Aim At The 1.2671 Level

    Having conquered the 1.2466 level, its Jun 21′10 high following its Thursday rally and Friday strength, the stage is now set for a run at its major resistance residing at the 1.2671 level, its May 21′10 high. A clean break and hold above there will...

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  • USDJPY: Weakness To Develop Towards The 84.80 Level

    USDJPY: Weakness To Develop Towards The 84.80 Level

    USDJPY: The pair is now developing downside momentum for a return to its major support at the 84.80 level, its Nov’2009 low after an upside price rejection saw it cutting through its short term rising trendline earlier in the week. The pair had rallied off...

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  • GBPUSD: Bullish Momentum To Target The 1.5308 Level

    GBPUSD: Bullish Momentum To Target The 1.5308 Level

    As a sharp rally saw the pair wiping out its corrective weakness from the 1.5127 level to close higher at 1.5161 on Thursday, risk of further strength is now set to extend towards the 1.5308 level, its May’10 high. This price action has resumed GBP’s...

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  • EURUSD: Strengthening And Targeting The 1.2396 Level

    EURUSD: Strengthening And Targeting The 1.2396 Level

    Having reversed higher from its .50 Fib Ret (1.1875-1.2466 rally) at 1.2169 and the 1.2162 level, its Jun 14′10 low on Wednesday to close higher at 1.2303, risk of a return to its Jun 28′10 high at 1.2396 continues to shape up. A break of...

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  • GBPUSD: Bull Pressure To Extend Towards The 1.5308 Level

    GBPUSD: Bull Pressure To Extend Towards The 1.5308 Level

    GBPUSD: Bull Pressure To Extend Towards The 1.5308 Level GBPUSD: Our call for continued strength in our weekly analysis materialized today as GBP rallied further and built on its past week gains in Monday trading session. The nearer term target set in the mentioned analysis stands...

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